Invesco S&P 500 Equal Weight ETF $RSP Holdings Reduced by Essex Financial Services Inc.

Essex Financial Services Inc. lessened its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 82,263 shares of the company’s stock after selling 3,611 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for 0.9% of Essex Financial Services Inc.’s investment portfolio, making the stock its 17th biggest position. Essex Financial Services Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $15,605,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Investment Counsel Co. of Nevada bought a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at $29,000. Tompkins Financial Corp acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at $32,000. IMA Advisory Services Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at about $33,000. GoalVest Advisory LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter valued at about $34,000. Finally, Cloud Capital Management LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth about $35,000. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Down 0.2%

Shares of RSP opened at $202.52 on Wednesday. The firm has a market capitalization of $83.99 billion, a PE ratio of 20.10 and a beta of 0.99. The firm has a 50-day moving average price of $197.02 and a 200 day moving average price of $191.26. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $205.24.

Invesco S&P 500 Equal Weight ETF Company Profile

Guggenheim S&P 500 Equal Weight ETF, formerly Rydex S&P 500 Equal Weight ETF, seeks to replicate as closely as possible, the daily performance of the S&P 500 Equal Weight Index (the Index). The Index is a capitalization-weighted index covering 500 industrial, utility, transportation and financial companies of the United States markets (mostly NYSE Euronext issues). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.